Answer:
The answer is T that is (True)
Explanation:
First of all, we need to understand that internal control in technology advanced accounting system are designed policies and procedures integrated into the system to give it integrity and reliability.
The purpose are mainly to curb but not limited to issues like fraud, generating timely and effective reporting, reassuring investors, give a forensic over view of business operation success and proactively identify financial challenges.
The internal controls in advanced accounting can either be preventative, consequentially deterring fraud and mistakes, or detective, consequentially identifying challenges after they have occurred
This two aforementioned objective of the internal control in technology advanced accounting are embedded in the design and operation of the system stage, thereby confirming the statement to be true that Internal control in technologically advanced accounting systems depends more on the design and operation of the information system and less on the analysis of its resulting documents
Answer:
(C) $1,500 dividend income.
Explanation:
The total AAA available is $15000($10000+$5000(taxable income)).
The total distribution $18000(($6000×2)+($3000×2))
Here since available AAA is $15000 each get deduction of $7500($15000×500shares/1000shares).Hence $1500(i.e $6000+$3000-$7500) is taxable.
Answer:
21.45%
Explanation:
Remaining amount to have $1,000,000 = $1,000,000 - $50,000 = $950,000
Using the interest rate function RATE(nper,pmt,pv,fv) in the excel, we obtain an interest rate of 21.45%
Where,
nper = number of period = 30
pmt = annual payment
pv = present value which has a default value of 0.
fv = future value = $950,000
Note: Find attached the excel sheet to see result.
The methods used to assign costs to inventory and cost of goods sold under both a perpetual and a period system are:
a. Weighted average
b. Specific identification
c. First-in, first-out
d. Last-in, first-out
<h3>What are the inventory methods?</h3>
For most businesses, the four inventory methods used for assigning costs to the ending inventory and the cost of goods sold for the period are the Weighted average, Specific identification, First-in, first-out, and Last-in, first-out.
Thus, the inventory methods do not include First-in, last-out Last-in, last-out.
Learn more about inventory methods at brainly.com/question/6640325
Answer:
b. The computation of the payback period is the project's initial investment divided by the present value of its net cash flows.
Explanation:
Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows
Payback period = Amount invested / cash flow
Discounted payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative discounted cash flows
payback period decreases as cost of capital increases
A payback period of 35 means a company will recover the amount invested in a project in 35 years
